BG vs TTE: Correlation
How closely do Bunge Global (BG) and TotalEnergies SE (TTE) trade together? Their weekly returns over three years give a correlation of 0.40, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BG and TTE?
Over the past 3 years, BG and TTE moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 266.1 %².
Within BG's tracked universe of 37 assets, TTE comes in at #7 by 3-year correlation. The trailing year gives TTE the advantage: +35.2% versus +45.0%, a 9.8-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BG vs TTE: side by side
| BG (Bunge Global) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | +35.2% | +45.0% |
| 5-year return | +68.5% | +156.2% |
| Volatility (ann.) | 30.7% | 21.8% |
| Beta vs S&P 500 | 0.09 | 0.09 |
| Max drawdown (3Y) | -38.8% | -26.2% |
| Market cap | $21.4B | $191.0B |
| P/E (trailing) | 24.4 | 10.9 |
| Dividend yield | 2.51% | 4.65% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BG | TTE |
|---|---|---|
| 2022 | +9.3% | +34.6% |
| 2023 | +3.8% | +14.2% |
| 2024 | -20.7% | -14.7% |
| 2025 | +18.6% | +27.5% |
| 2026 | +27.5% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BG and TTE good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BG and TTE?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.44 over the last year and 0.38 over 5 years.
Is TTE a good diversifier for BG?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bg-vs-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bg-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BG correlations · TTE correlations
